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Carlos Leobrera vs. Court of Appeals, etal.

CARLOS LEOBRERA, petitioner, vs. THE COURT OF APPEALS and BANK OF THE PHILIPPINE ISLANDS, respondents.

G.R. No. 80001 | 1989-02-27

D E C I S I O N


CORTES, J.:

The crux of the present petition for review on certiorari is the propriety of the admission by the trial court of a supplemental complaint filed by petitioner.

The undisputed facts of the case are as follows:

Sometime in 1980, petitioner Carlos Leobrera (Leobrera for short) was granted an P800,000.00 credit facility by private respondent Bank of the Philippine Islands (BPI for short) consisting of the following: (a) P200,000.00 revolving promissory note line at 10% interest p.a.; (b) P100,000.00 export advance line at 12% interest p.a.; and, (c) P500,000.00 Industrial Guarantee Loan Fund (IGLF) loan at 12%...